morocco prod target 10 years away, page-45

I agree with Meerkat the Timetable is fast but several points need to be made.

1- Drill programme was reduced due to Rio Tintos work.
2- Infrastructure is close by.
3- Mining at Arruwurra will be quicker to start due to 20m depth.
4. It is an open cut mine with a low likelihood of a blast and drill, speeding up the process.
5. Finance is not a problem which usually requires at least 6 months to sort out.
6. Govt and native approvals are going well at the moment (problems can always arrive here, but the current assumption is that they will progress smoothly)
7. The price of the ore reduces the risk of starting the mine and speeds up the work to production.

I believe the first shipment of RP won't be until Dec 2010 at the earliest but I could be surprised. They may start digging the mine in Sep 2009 but many boxes need to be ticked before the shipment is on the boat.